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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $276.3M, roughly 1.3× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 4.7%, a 21.7% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
APOG vs CASH — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $276.3M |
| Net Profit | $16.6M | $72.9M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | — |
| Net Margin | 4.7% | 26.4% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | 568.8% | — |
| EPS (diluted) | $0.78 | $3.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $351.4M | $276.3M | ||
| Q4 25 | $348.6M | $173.1M | ||
| Q3 25 | $358.2M | $186.7M | ||
| Q2 25 | $346.6M | $195.8M | ||
| Q1 25 | $345.7M | $274.8M | ||
| Q4 24 | $341.3M | $182.6M | ||
| Q3 24 | $342.4M | $179.5M | ||
| Q2 24 | $331.5M | $188.6M |
| Q1 26 | $16.6M | $72.9M | ||
| Q4 25 | $16.5M | $35.2M | ||
| Q3 25 | $23.6M | $38.8M | ||
| Q2 25 | $-2.7M | $42.1M | ||
| Q1 25 | $2.5M | $75.0M | ||
| Q4 24 | $21.0M | $30.0M | ||
| Q3 24 | $30.6M | $33.5M | ||
| Q2 24 | $31.0M | $44.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 24.6% | ||
| Q3 25 | 7.5% | 25.9% | ||
| Q2 25 | 2.0% | 24.1% | ||
| Q1 25 | 1.8% | 33.2% | ||
| Q4 24 | 8.4% | 19.8% | ||
| Q3 24 | 12.3% | 20.9% | ||
| Q2 24 | 12.5% | 27.1% |
| Q1 26 | 4.7% | 26.4% | ||
| Q4 25 | 4.7% | 20.3% | ||
| Q3 25 | 6.6% | 20.8% | ||
| Q2 25 | -0.8% | 21.5% | ||
| Q1 25 | 0.7% | 27.3% | ||
| Q4 24 | 6.1% | 16.4% | ||
| Q3 24 | 8.9% | 18.7% | ||
| Q2 24 | 9.4% | 23.8% |
| Q1 26 | $0.78 | $3.35 | ||
| Q4 25 | $0.77 | $1.57 | ||
| Q3 25 | $1.10 | $1.69 | ||
| Q2 25 | $-0.13 | $1.81 | ||
| Q1 25 | $0.12 | $3.14 | ||
| Q4 24 | $0.96 | $1.23 | ||
| Q3 24 | $1.40 | $1.34 | ||
| Q2 24 | $1.41 | $1.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $157.6M |
| Total DebtLower is stronger | $232.3M | $59.5M |
| Stockholders' EquityBook value | $511.8M | $850.7M |
| Total Assets | $1.1B | $7.1B |
| Debt / EquityLower = less leverage | 0.45× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $157.6M | ||
| Q4 25 | $41.3M | $331.2M | ||
| Q3 25 | $39.5M | $120.6M | ||
| Q2 25 | $32.8M | $258.3M | ||
| Q1 25 | $41.4M | $254.2M | ||
| Q4 24 | $43.9M | $597.4M | ||
| Q3 24 | $51.0M | $158.3M | ||
| Q2 24 | $30.4M | $298.9M |
| Q1 26 | $232.3M | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | $285.0M | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | $511.8M | $850.7M | ||
| Q4 25 | $512.3M | $854.5M | ||
| Q3 25 | $500.2M | $858.0M | ||
| Q2 25 | $481.8M | $819.0M | ||
| Q1 25 | $487.9M | $814.7M | ||
| Q4 24 | $522.1M | $758.3M | ||
| Q3 24 | $506.4M | $822.5M | ||
| Q2 24 | $480.0M | $748.4M |
| Q1 26 | $1.1B | $7.1B | ||
| Q4 25 | $1.1B | $7.6B | ||
| Q3 25 | $1.2B | $7.2B | ||
| Q2 25 | $1.2B | $7.2B | ||
| Q1 25 | $1.2B | $7.0B | ||
| Q4 24 | $1.2B | $7.6B | ||
| Q3 24 | $917.1M | $7.5B | ||
| Q2 24 | $889.0M | $7.5B |
| Q1 26 | 0.45× | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | 0.58× | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $108.3M | ||
| Q3 25 | $57.1M | $303.7M | ||
| Q2 25 | $-19.8M | $30.4M | ||
| Q1 25 | $30.0M | $188.3M | ||
| Q4 24 | $31.0M | $-71.7M | ||
| Q3 24 | $58.7M | $143.1M | ||
| Q2 24 | $5.5M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $104.1M | ||
| Q3 25 | $52.4M | $300.3M | ||
| Q2 25 | $-26.9M | $27.7M | ||
| Q1 25 | $19.1M | $184.7M | ||
| Q4 24 | $22.0M | $-73.8M | ||
| Q3 24 | $50.2M | $138.8M | ||
| Q2 24 | $-1.8M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 60.1% | ||
| Q3 25 | 14.6% | 160.9% | ||
| Q2 25 | -7.8% | 14.1% | ||
| Q1 25 | 5.5% | 67.2% | ||
| Q4 24 | 6.4% | -40.4% | ||
| Q3 24 | 14.7% | 77.3% | ||
| Q2 24 | -0.5% | 58.8% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.4% | ||
| Q3 25 | 1.3% | 1.8% | ||
| Q2 25 | 2.1% | 1.4% | ||
| Q1 25 | 3.2% | 1.3% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 2.5% | 2.4% | ||
| Q2 24 | 2.2% | 1.2% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 3.08× | ||
| Q3 25 | 2.41× | 7.83× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 12.08× | 2.51× | ||
| Q4 24 | 1.48× | -2.39× | ||
| Q3 24 | 1.92× | 4.27× | ||
| Q2 24 | 0.18× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
